The currency pair New Zealand dollar NZD USD ends the week of the current correction. At the moment, preserved potential for falling of pair within quotation of the descending forex 5-0 model with the potential to decrease below 0.69 area. But do not rule out an attempt to test the upper boundary of the channel, and only after that to continue fall.
NZD USD Forecast on December 12, 2016 — December 16, 2016
Cancellation option will be a strong growth of quotations NZD USD 0.7270 and a break area that will point to a continuation of upward correction. Also do not forget about the formation of the descending pattern with the objective of the won Wolf fall below the level of 0.64. An additional signal in favor of the continuation of decrease in NZD/USD quotes at the next trading week camp tight test downward trend line on the indicator of relative strength. Among the important events in the next trading week, 12 – 16 December 2016, which could have a strong impact on the New Zealand Dollar rate, stands out, publication index index of business activity in the manufacturing sector by Business NZ December 15, 2016, the past values of the index was at 55.2.
NZD USD Forecast on December 12, 2016 — December 16, 2016 suggests an attempt to fall within the framework of the descending pattern with the target at 5-0 levels below 0.69 area, the deeper purpose of the fall is located at a level below 0.64 area.
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